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LVMH Blockchain

LVMH Blockchain | Louis Vuitton on the Blockchain?

Blockchain technology has many uses. Mostly synonymous with the financial sector and for crypto trading, it might surprise some to learn that the fashion industry has found a clever use for the technology. Dubbed the AURA blockchain, luxury brand conglomerate and owner of the Louis Vuitton fashion label, LVMH, has developed the LVMH blockchain.

The fashion giant will use the technology to prove the authenticity of its branded goods.

LVMH Blockchain

Given the code name AURA, the LVMH blockchain is expected to go live this May or June. It will launch first with the Louis Vuitton and Parfums Christian Dior brands, and then extend to include LVMH’s 60 luxury brands.

If all goes well, then competitor brands will eventually be added to AURA.

Incognito Project

The company has reportedly enlisted a full-time blockchain team that has been working on the project for over a year. Kept under the radar, this team has worked closely with Ethereum design studio ConsenSys and Microsoft Azure.

>> OKEx Blockchain: The OKChain will Test-Launch in June

As such, AURA is built using a version of the Ethereum blockchain called Quorum—a blockchain developed by JPMorgan and which focuses on data privacy.

According to CoinDesk, the platform will work as follows:

“To begin with AURA will provide proof of authenticity of luxury items and trace their origins from raw materials to point of sale and beyond to used-goods markets. The next phase of the platform will explore protection of creative intellectual property, exclusive offers and events for each brands’ customers, as well as anti-ad fraud.”

LVMH Blockchain for Competitors

LVMH intends to offer the AURA blockchain in a “white-label” form to its competitors in the luxury brands sector.

The aim of placing luxury goods on the blockchain is to reduce counterfeit efforts. It will also assure customers of the origins of their purchase.

Featured Image: DepositPhotos © Casimiro_PT

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Blockchain Renewable Energy

Blockchain Renewable Energy | Can Blockchain Change this Market?

According to experts from tech consultancy, Booz Allen Hamilton, the renewable energy markets across the Gulf Cooperation Council (GCC) can be made more secure and cost-efficient using the blockchain.

Blockchain and Renewable Energy Markets

Cointelegraph details the GCC as a “regional political and economic union that includes all the Arab states of the Persian Gulf except Iraq.”

This body—comprised of six countries—is planning to increase its renewable energy capacity across all member states by 2030. This means a boost of 80 gigawatts of energy and accounts for more than half of the group’s existing capacity.

And this is where blockchain technology can reportedly help. Booz Allen Hamilton has named blockchain technology as the most capable innovation to cope with the “considerable technical, governance and institutional challenges ahead.”

Such a challenge indeed lies ahead, not only for GCC but the entire globe. The world has an initiative underway to generate 50% of its energy from renewable sources by 2050.

Booz Allen Hamilton

Dr. Adham Sleiman of Booz Allen Hamilton, Middle East and North Africa, argues that blockchain is more suited to the renewable energy sector than most. This system is based on transactions between electricity usage and fares, and currently, it relies on utility operators or a central body.

Distributed Energy Resources (DER) are rising in popularity. This is a system whereby a variety of small “grid-connected or distribution system connected devices” generate and store electricity in a decentralized network.

>> Assembly Bill 953: New Legislation Combines Weed and Stablecoins

This type of structure is already “tending toward greater intrinsic decentralization.”

Sleiman said regarding DERs:

“DER are changing the landscape; we are moving towards a more decentralised grid, where utilities no longer fully control the system. Utilities now need to look beyond energy delivery. Blockchain applications can help with enabling P2P energy trading, tracking renewable energy, and articulating smart contracts.”

The body is trying to move forward in this manner, using blockchain innovation for the transactions involved in energy. The technology has the ability to cause “a major disruptive change that the energy sector may face within the next 10 years.

But what do you think? It seems that there are no industries that blockchain technology can’t help with. Is it the way forward for renewable energy?

Featured Image: DepositPhotos © taraki

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LiteLink Technologies Opens Digital Payments Division in Tech City and Hires James Youn as President LiteLink Technologies Opens Digital Payments Division in Tech City and hires James Youn as President

VANCOUVER, B.C., March 01, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF), a key player Logistics & Payment Systems with Artificial Intelligence is opening their flagship digital payments division through one of its wholly-owned subsidiaries. uBUCK Technologies SEZC (“uBUCK Tech”) will be located in Tech City Cayman, a special economic zone by Cayman Enterprise City for fintech companies. uBUCK Tech has begun development for uBUCK Pay, an online payments platform and pin voucher solution that serves as a payment alternative for consumers, businesses and merchants. The solution will allow uBUCK Pay account holders to make online payments and send worldwide transfers within minutes without any transfer fees. Pin vouchers may be purchased within the uBUCK Pay app or at participating resellers with or without a credit card.

“The uBUCK Pay app will be a major benefit for consumers that do not have a credit card, have poor credit, and/or do not have access to physical accounts and debit card programs. Merchants will also be pleased to add a new payment method with lower merchant transaction fees than most major credit card companies. It is time to bring control back to hard-working individuals and business owners”

says Ashik Karim, CEO of LiteLink. uBUCK Tech is scheduled to release a private closed beta in March 2019.

James Youn has been hired as President and CEO of uBUCK Tech. Mr. Youn is a licensed CFA Charterholder and previously worked as the President of Cayman National Securities Ltd. and as a Senior Portfolio Manager at Questrade Wealth Management Inc. Ashik Karim says, “Mr. Youn brings a wealth of banking and trading experience to our team and we are extremely confident that he can use his knowledge to build one of the fastest and safest digital payment platforms in the world.” Mr. Youn’s immediate initiative is to hire a management and sales team in Grand Cayman to drive app installs and to increase consumer and merchant awareness.

“The decision to open an office in Grand Cayman was a logical step in our business growth strategy,” said James Youn. “Besides the benefit of a growing fintech sector in Tech City Cayman, we feel that adding a digital wallet to LiteLink’s suite of products is a major benefit for consumers without credit cards to pay bills online and to make worldwide transfers without any fees. In addition, uBUCK Pay is a perfect complement to our flagship product 1Shift Logistics, since many truckers do not have credit cards. The uBUCK Pay solution gives truckers the ability to pay their gas and parking bills and send money overseas to friends and family.”

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (CSE:LLT)(FRA:C0B:FF) provides enterprise level solutions utilizing artificial intelligence and predictive analytics to solve the logistics industry’s fragmented and outdated technology problem. LiteLink is creating a unified communications platform for tracking shipments, disputes, and errors to increase efficiency and reducing costs for 3PLs, carriers and shippers. Find out more about the Company at litelinktech.com and the 1Shift Product at 1shiftlogistics.com.

About uBUCK Technologies SEZC

uBUCK Pay is a worldwide online payments platform and pin voucher solution that serves as a payment alternative for consumers and merchants. uBUCK Pay is a secure and fast method for making payments and transfers and serves as a digital alternative to traditional payment methods like checks, money orders and wire transfers.

Please See Disclaimer

 

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Disclosure:

1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on my research and understanding of the sector.

2) The Article was issued on behalf of LiteLink Technologies Inc. The Article and its dissemination were paid for by LiteLink Technologies Inc. Market Jar Media Inc. has or expects to receive payment from LiteLink Technologies Inc’s Digital Marketing Agency of Record (Native Ads Inc) in the amount of CAD $120,000 for 50 campaign days (33 business days). Neither Native Ads, Inc. nor Market Jar Media Inc., hold any securities of LiteLink Technologies Inc., or any other company mentioned in this article. Principals and employees of Native Ads, Inc. and Market Jar Media Inc. do own securities of LiteLink Technologies Inc., and may own (or may in the future acquire) securities of other companies mentioned in this article.

3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy.

4) The Article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.’s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on Market Jar Media Inc. should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on Market Jar Media Inc.

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LiteLink Technologies Opens Digital Payments Division in Tech City and hires James Youn as President

VANCOUVER, B.C., March 01, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF), a key player Logistics & Payment Systems with Artificial Intelligence is opening their flagship digital payments division through one of its wholly-owned subsidiaries. uBUCK Technologies SEZC (“uBUCK Tech”) will be located in Tech City Cayman, a special economic zone by Cayman Enterprise City for fintech companies. uBUCK Tech has begun development for uBUCK Pay, an online payments platform and pin voucher solution that serves as a payment alternative for consumers, businesses and merchants. The solution will allow uBUCK Pay account holders to make online payments and send worldwide transfers within minutes without any transfer fees. Pin vouchers may be purchased within the uBUCK Pay app or at participating resellers with or without a credit card.

“The uBUCK Pay app will be a major benefit for consumers that do not have a credit card, have poor credit, and/or do not have access to physical accounts and debit card programs. Merchants will also be pleased to add a new payment method with lower merchant transaction fees than most major credit card companies. It is time to bring control back to hard-working individuals and business owners”

says Ashik Karim, CEO of LiteLink. uBUCK Tech is scheduled to release a private closed beta in March 2019.

James Youn has been hired as President and CEO of uBUCK Tech. Mr. Youn is a licensed CFA Charterholder and previously worked as the President of Cayman National Securities Ltd. and as a Senior Portfolio Manager at Questrade Wealth Management Inc. Ashik Karim says, “Mr. Youn brings a wealth of banking and trading experience to our team and we are extremely confident that he can use his knowledge to build one of the fastest and safest digital payment platforms in the world.” Mr. Youn’s immediate initiative is to hire a management and sales team in Grand Cayman to drive app installs and to increase consumer and merchant awareness.

“The decision to open an office in Grand Cayman was a logical step in our business growth strategy,” said James Youn. “Besides the benefit of a growing fintech sector in Tech City Cayman, we feel that adding a digital wallet to LiteLink’s suite of products is a major benefit for consumers without credit cards to pay bills online and to make worldwide transfers without any fees. In addition, uBUCK Pay is a perfect complement to our flagship product 1Shift Logistics, since many truckers do not have credit cards. The uBUCK Pay solution gives truckers the ability to pay their gas and parking bills and send money overseas to friends and family.”

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (CSE:LLT)(FRA:C0B:FF) provides enterprise level solutions utilizing artificial intelligence and predictive analytics to solve the logistics industry’s fragmented and outdated technology problem. LiteLink is creating a unified communications platform for tracking shipments, disputes, and errors to increase efficiency and reducing costs for 3PLs, carriers and shippers. Find out more about the Company at litelinktech.com and the 1Shift Product at 1shiftlogistics.com.

About uBUCK Technologies SEZC

uBUCK Pay is a worldwide online payments platform and pin voucher solution that serves as a payment alternative for consumers and merchants. uBUCK Pay is a secure and fast method for making payments and transfers and serves as a digital alternative to traditional payment methods like checks, money orders and wire transfers.

Please visit the company’s website at litelinktech.com . For a free report on LiteLink Technologies Inc. (CSE:LLT)(FRA:C0B:FFvisit microsmallcap.com.

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IBM Blockchain

IBM Blockchain | Santander Bank Enters $700 Million Deal with IBM

According to Cointelegraph, Europe’s Banco Santander and tech behemoth IBM have announced an accord involving the IBM blockchain.

The pair signed a $700 million USD deal aiming to increase Santander’s technological developments.

The news was released yesterday via a press release.

IBM Blockchain

The deal is a five-year “global technology agreement” that will improve the bank’s services by using innovative technology such as blockchain, AI, and big data. IBM will take care of the technology behind its new services.

IBM has been leading the blockchain revolution in business across the globe. Only last week, the company successfully completed a blockchain trial aimed at improving the shipping industry. In this instance, IBM’s blockchain recorded a shipment of mandarins from China to Singapore.

The details of the trade were recorded on the blockchain. This replaced the usual bill of lading (BL) document. In normal practice, the BL is mailed to all parties involved in the shipment; this includes banks and those who provide trade financing. It can take anywhere up to a week to send the document around.

However, in using the IBM blockchain instead, the entire record is sent in 1 second.

>> Is Crypto About to Get Institutional Investment? Novogratz Thinks So

Santander

Santander is Spain’s biggest financial and credit group, and now the company is looking to “evolve towards the open, flexible and modern IT environment it requires.” The move should reduce the bank’s overall annual IT spending.

David Soto, IBM General Manager for Santander Group, was quoted in the press release as saying:

“Santander Group is leveraging IBM technologies to support their security and regulatory work, and to rapidly develop new services that meet emerging customer demand by tapping into IBM’s unique technology and industry expertise.”

The financial institution created its own blockchain research team last year. Called the Digital Investment Banking team, its purpose is to explore blockchain’s ability to enhance securities trading.

Featured Image: DepositPhotos © Fotofabrika

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